Funding you earn now, next payment 12:00 UTC−0.1402%/8h= −153.6% APRnext payment −$1.75 per $10,000 · paid last 24h −0.256%
Price spread now: tradeXYZ against QFEX+0.162%7-day average −0.494% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1691.686% of the position
Funding, last 4 days (all we have)−0.168%−$17 on $10k
+Price spread, last 7 days−0.212%−$21 · spread now +0.162%, 7d avg −0.494%
=Together, before fees−0.380%+ Points / potential airdroptradeXYZ: Active · farm board−$38 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.656% dearer against QFEX than usual: you sell high and buy low (spread +0.162% now, against its 7-day average of −0.494%): +$66 on $10k if it goes back. Holding the pair costs −$42 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 4 days (−0.168% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.168% in total (about -15.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.75 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX SHAZ-USD | 59.200 | 0 | get 0.0000% / 1h | 55m 59s | $1.1M | $1.9M | 10x |
| Short | tradeXYZ xyz:SHAZ | 59.296 | −0.1402 | pay 0.0175% / 1h | 55m 59s | $1.2M | $308K | 10x |
QFEX SHAZ-USD
tradeXYZ xyz:SHAZFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against QFEX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$294.51
- Price spread: +0.162% → −0.494%
- $65.59
- Slippage, 4 orders
- −$140.62
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$397.54
- Costs to cover
- 1.686%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 4 min ago; tradeXYZ: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy QFEX live order book, 4 min ago | 21.89 bp | 26.9 bp −$27 | 27.7 bp −$277 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 1.77 bp | 34.3 bp −$34 | 93.7 bp −$937 | doesn't fit | doesn't fit |
SHAZ on 11 exchanges
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SHAZshort | −0.1402% | 1h | 59.296 | +0.162% | $1.2M | $308K | 10x | |
| OKX SHAZ-USDT-SWAP | 0.0000% | 8h | 59.070 | −0.220% | $443K | $263K | 10x | as long as short |
| QFEX SHAZ-USDlong | 0.0000% | 1h | 59.200 | long leg | $1.1M | $1.9M | 10x | |
| Gate SHAZ_USDT | 0.0000% | 8h | 59.080 | −0.203% | $181K | $42K | 20x | as long as short |
| Bitget SHAZUSDT | 0.0000% | 8h | 59.140 | −0.101% | $192K | $161K | 20x | as long as short |
| HTX SHAZ-USDT | 0.0000% | 8h | 59.290 | +0.152% | $6K | $39K | 10x | as long as short |
| Variational Omni SHAZ | +0.0124% | 8h | 59.574 | +0.632% | $42K | $59K | — | as long as short |
| Binance SHAZUSDT | +0.0271% | 8h | 59.091 | −0.185% | $472K | $2.2M | 10x | as long as short |
| edgeX SHAZUSDC | +0.0365% | 4h | 59.522 | +0.544% | $17K | $290K | 10x | as long as short |
| Bybit SHAZUSDT | +0.0879% | 8h | 58.990 | −0.355% | $151K | $476K | 25x | as long as short |
OKX SHAZ-USDT-SWAP
Gate SHAZ_USDT
Bitget SHAZUSDT
HTX SHAZ-USDT
Variational Omni SHAZ
Binance SHAZUSDT
edgeX SHAZUSDC
Bybit SHAZUSDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SHAZUSDTM | +0.0948% | 8h | 59.270 | +0.118% | $78K | $571K | 20x | as long as short |
KuCoin SHAZUSDTM